credit acceptance

Credit Acceptance makes decent money, although it has received some bad publicity, with complaints about high interest rates.

The way was shown by a company named the Credit Acceptance Corporation, which went public back in 1992.

Credit Acceptance Corp., 2 million common shares.

It was a year after Credit Acceptance went public that Mr. Westcott decided to imitate the idea.

Common * Credit Acceptance Corp., Southfield, Mich., filed to sell five million shares.

For the least creditworthy, firms like Credit Acceptance Corporation of Detroit concoct complicated formulas that force the dealer to share some of the risk.

Wall Street thinks there is a lot of room for growth; Credit Acceptance now trades for about 10 times its initial offering price in 1992, and for about 37 times its earnings.

Several Federal and State higher courts decisions have outlined several bad practices; Heintz vs. Jenkins,In re: Vinhee, Mcollough vs. Johnson, Rodenburg, Lauinger, Komarova v. Nation Credit Acceptance Inc.